$ETH is positioning for a potential upside breakout after prolonged compression beneath macro resistance. Price action has been tightening within a narrowing structure and is now reacting to a rising support trendline.
📊 Technical Outlook:
• Structure: Contracting wedge inside a broader compression channel
• Bias: Bullish — upside expansion possible if support holds
• Key Support: $1,920 (ascending trendline)
• Major Resistance: $2,050 (breakout trigger level)
As volatility compresses, expansion becomes inevitable. A sustained hold above rising support could open the door for momentum toward higher liquidity zones.
Smart money watches structure — not noise
$ETH .